Wafra Inc. Grows Position in Weyerhaeuser Co (NYSE:WY)

Wafra Inc. raised its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 88.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 649,420 shares of the real estate investment trust’s stock after buying an additional 304,890 shares during the quarter. Wafra Inc.’s holdings in Weyerhaeuser were worth $17,106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Weyerhaeuser by 12.4% during the second quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock worth $2,837,219,000 after buying an additional 11,845,982 shares during the period. Private Advisor Group LLC increased its stake in shares of Weyerhaeuser by 124.9% during the second quarter. Private Advisor Group LLC now owns 80,554 shares of the real estate investment trust’s stock worth $2,119,000 after buying an additional 44,732 shares during the period. Johnson Investment Counsel Inc. increased its stake in shares of Weyerhaeuser by 23.4% during the second quarter. Johnson Investment Counsel Inc. now owns 19,449 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 3,685 shares during the period. Echo Street Capital Management LLC increased its stake in shares of Weyerhaeuser by 11.7% during the second quarter. Echo Street Capital Management LLC now owns 422,557 shares of the real estate investment trust’s stock worth $11,130,000 after buying an additional 44,370 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Weyerhaeuser by 9.9% during the second quarter. Asset Management One Co. Ltd. now owns 403,590 shares of the real estate investment trust’s stock worth $10,631,000 after buying an additional 36,355 shares during the period. 76.98% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Weyerhaeuser has a consensus rating of “Buy” and a consensus price target of $33.10.

Shares of WY stock traded up $0.04 during trading hours on Wednesday, reaching $27.87. 1,814,058 shares of the stock were exchanged, compared to its average volume of 3,246,925. The business’s fifty day moving average is $25.78 and its two-hundred day moving average is $25.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.39 and a quick ratio of 1.04. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $34.09. The firm has a market capitalization of $20.72 billion, a P/E ratio of 23.61, a P/E/G ratio of 9.58 and a beta of 1.67.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. As a group, equities research analysts predict that Weyerhaeuser Co will post 0.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.36 annualized dividend and a yield of 4.88%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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